Welcome to our dedicated page for Simpson Manuf news (Ticker: SSD), a resource for investors and traders seeking the latest updates and insights on Simpson Manuf stock.
Simpson Manufacturing Co., Inc. makes engineered structural connectors and building solutions through subsidiaries including Simpson Strong-Tie. Its product categories include wood construction connectors, truss plates, fastening systems, fasteners and shear walls, as well as concrete construction adhesives, specialty chemicals, mechanical anchors, powder actuated tools and reinforcing fiber materials.
Recurring SSD news covers quarterly and annual financial results, guidance, North America segment performance, housing and construction market conditions, dividends, share repurchases and investor conference participation. Company updates also emphasize demand across residential and commercial markets in North America and Europe.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Simpson Manufacturing Co. (NYSE: SSD) reported Q1 2023 net sales of $534.4 million, an increase of 8.3% year-over-year. However, income from operations fell by 4.9% to $118.4 million, while diluted earnings per share decreased by 6.0% to $2.05. North America sales decreased 7.4% to $406.3 million, attributed to lower volumes, while Europe saw a substantial growth of 141.4% to $124.2 million, driven primarily by the acquisition of ETANCO. The consolidated gross profit rose 6.8% to $252.9 million, but gross margin decreased slightly to 47.3%. Management has adjusted the full-year operating margin outlook to 19% to 21%, predicting challenges due to a weaker housing market.
Simpson Manufacturing Co., Inc. (NYSE: SSD), a leader in engineered structural connectors and building solutions, will report its first-quarter financial results for the period ended March 31, 2023, on April 24, 2023, at 4:15 p.m. Eastern Time. The conference call will be hosted by President and CEO Michael Olosky and CFO Brian Magstadt at 5:00 p.m. Eastern Time, accessible via the Company’s Investor Relations website. Investors can call in using (877) 407-0792 for the U.S. and Canada, or (201) 689-8263 for international participants. A replay of the call will be available starting April 24, 2023, at 8:00 p.m. until May 8, 2023. Simpson specializes in manufacturing wood and concrete construction products and supplies to markets in North America and Europe.
Simpson Manufacturing Co. (NYSE: SSD) announced its participation in the Sidoti Small-Cap Virtual Conference set for March 23, 2023, at 11:30 a.m. ET. CEO Mike Olosky and CFO Brian Magstadt will present and engage in virtual meetings with investors. The event will be available for live streaming on their Investor Relations website, with a replay accessible for 90 days. Simpson Manufacturing, based in Pleasanton, California, is a leading manufacturer of wood and concrete construction products, supplying solutions to residential and commercial markets in North America and Europe.